earnings
confidence high
sentiment positive
materiality 0.80
Chefs' Warehouse Q4 net sales double to $558M; swings to profit, guides FY2022 $2.1-2.2B
Chefs' Warehouse, Inc.
2021-FY EPS reported
-$0.13
revenue$1,745,757,000
- Net sales $558.3M (+98.2% YoY); GAAP net income $8.4M ($0.22 diluted) vs loss of $37.1M a year ago.
- Adjusted EPS $0.26 vs -$0.52; Adjusted EBITDA $30.2M vs -$10.5M.
- Organic sales up 89.5%; case count +67.5%; specialty gross margins +637 bps; center-of-plate margins -291 bps.
- FY2022 guidance: net sales $2.1-2.2B, gross profit $494-517M, adjusted EBITDA $99-111M.